Europe’s Largest Asset Manager Amundi Tokenizes Equity Index Fund on Ethereum
Amundi expands blockchain-based investment offerings by tokenizing its STOXX Europe 600 equity index fund.
1Strategic Blockchain Expansion
Amundi, the largest asset manager in Europe, has officially launched a tokenized share class for its STOXX Europe 600 equity index fund. This initiative marks a significant shift as the firm moves beyond its previous focus on money market funds, utilizing the Ethereum blockchain to provide digital exposure to European markets.
2Infrastructure and Collaboration
The project was executed in collaboration with CACEIS, a prominent European asset-servicing firm that provided the necessary technical infrastructure for tokenization. Despite the digital nature of these new shares, Amundi confirmed that the fund remains fully accessible through traditional investment channels, ensuring continuity for existing investors while exploring new technological frontiers.
3Tracking European Equities
The underlying asset tracks the STOXX Europe 600 Index, which encompasses 600 large, mid, and small-cap companies across developed European markets. By tokenizing this specific index, Amundi aims to offer institutional clients and digital platforms a more efficient way to gain diversified exposure to the broader European economic landscape via blockchain.
4Efficiency and Future Goals
Amundi expects this transition to yield tangible improvements in settlement speed, accessibility, and overall operational efficiency. The firm has explicitly stated its intention to develop a broader range of tokenized financial products, signaling a long-term commitment to integrating distributed ledger technology into its core institutional investment and asset management service offerings.
5Building on Previous Milestones
This launch follows the company’s initial foray into tokenization in November 2025, when it introduced its first tokenized money market fund share class. That project, also developed alongside CACEIS on the Ethereum network, served as the foundational proof-of-concept for the firm’s current expansion into equity-based tokenized investment products today.
6Global Tokenization Market Context
The global market for tokenized equities has seen rapid growth, reaching a total value of $4.24 billion as of November 4, 2026. This represents a 27% increase over the previous 30 days. However, the current landscape remains heavily concentrated on US-listed securities, with major products tied to companies like Alphabet and SpaceX.
7Regulatory Challenges in Europe
European financial firms are currently pushing regulators to accelerate necessary reforms to remain competitive. A coalition of 39 industry groups has warned that the European Union risks falling behind the United States. They are specifically calling for expanded asset eligibility and the removal of time restrictions under the current DLT Pilot Regime.
8Competitive Landscape Outlook
While US-related assets currently dominate the tokenized equity sector, Amundi’s move highlights a growing European effort to capture market share. The success of these initiatives will likely depend on how quickly regional regulators can adapt to the demands of the industry, potentially reshaping how institutional capital flows through digital financial infrastructures.